Disposal Completed

JOHNSON, MATTHEY PLC
18 August 1999
       
                                                        
          Completion of Sale of Electronic Materials 

Johnson Matthey announces that it has completed the sale of its Electronic
Materials Division to AlliedSignal Inc. for US$655 million in cash.

Enquiries:

John Sheldrick, Group Finance Director, Johnson Matthey    020 7269 8438
Howard Lee, Gavin Anderson                                 020 7457 2345